&nbsp;

UK lending platform Elfin Market launched a crowdfunding round on Seedrs on the 6th of November, 2023.
The £1,200,000 target set up was initially achieved in 48 hours, and Elfin Market decided to keep the campaign running and go into overfunding.
So far, the campaign has attracted more than 175 individual investors on <a style="color: #4bbb87;" href="https://www.seedrs.com/elfin-market3">Seedrs</a>.

&nbsp;
<blockquote>“The growth we’ve experienced over the last year has been incredible. The demand for affordable, flexible credit with no hidden fees has been greater than we could have possibly imagined. This funding round will allow us to grow massively. It’s a very exciting time to be involved”</blockquote>
– Mansour Bouaziz, C.E.O and co-founder.

&nbsp;

Elfin Market offers revolving credit similar to a credit card. Borrowers on the platform get access to a line of credit with a credit limit and can withdraw directly to their bank account or use the world’s first peer-to-peer payment card, the Elfin card, to make purchases.

&nbsp;
<blockquote>“A big thank you to all of our investors! Your support means the world to us, and it’s a pleasure to have you on board. With your investment, we can help more of the UK save on credit.”</blockquote>
 – Lakshithe Wagalath – C.O.O and co-founder

&nbsp;

The Elfin Market platform has been operating since September 2019.

It has gone from strength to strength with over 20,000 customers and more than £60,000,000 lent. This crowdfunding round will allow the platform to grow, offer affordable credit to more UK customers, and enable new product development.

&nbsp;
-ENDS-

Lending start-up Elfin Market reaches £1.2 million target on Seedrs in 48 hours and goes into overfunding

Elfin Market launches the world’s first peer-to-peer  payment card alongside a complete rebrand 

London, UK: Elfin Market, the UK-based peer-to-peer lender, is pleased to announce the launch  of the new “Elfin Card”, the world’s first peer-to-peer payment card, on 26/7/22. This new prepaid  Mastercard gives our customers a flexible way to use their credit accounts. Alongside fee-free,  almost instant transfers to their bank account (with no cash advance fees). 

Features Include: 

- No foreign exchange fees and unlimited fee-free international ATM withdrawals - Contactless-enabled prepaid MasterCard 

- £200 fee-free monthly domestic ATM withdrawals 

- If misplaced, the card can be easily frozen in the app 

All customers will be able to order the card via the app on 26/7/22 after updating to the latest  version of the app, available on iOS and Android. The rebrand will be live on a brand-new website and  app at the same time on 26/7/22, matching the card’s design. The change shows how far Elfin Market  has evolved over the past few years. 
<blockquote>“After a successful closed beta stage, we can’t wait to get the cards in customers’ hands. I believe  the addition of the Elfin Card to our popular borrower product will help make Elfin Market the go-to  platform for flexible credit in the UK.” – Mansour Bouaziz – Co-founder &amp; CEO</blockquote>
<blockquote>“Though technically not a credit card, the Elfin Card was designed to offer UK individuals the same  borrowing flexibility as a credit card, without the sky-high rates and numerous additional fees.”  Lakshithe Wagalath – Co-founder &amp; COO </blockquote>
Elfin Market is a peer-to-peer lending platform, offering borrowers credit 75%  cheaper than the average credit card*, with a representative APR of 5.8%, and  investors an innovative finance ISA for tax-free returns.

*Based on the average purchase credit card APR in the UK during Q3 2021 of 26.0% APR and  

the Elfin Market representative APR of 5.8%.

Elfin Market launches the world’s first peer-to-peer  payment card alongside a complete rebrand 

Elfin Market is a UK fintech start-up which aims to disrupt the credit card market. We’re the first, and so far only, peer-to-peer lending platform to offer borrowers a line of revolving credit akin to a credit card. By connecting individual borrowers and lenders without costly banking intermediaries we are able to offer a fair and affordable alternative to traditional credit cards in the UK.

Elfin Market

Elfin Market is a UK fintech start-up which aims to disrupt the credit card market. We’re the first, and so far only, peer-to-peer lending platform to offer borrowers a line of revolving credit akin to a credit card. By connecting individual borrowers and lenders without costly banking intermediaries we are able to offer a fair and affordable alternative to traditional credit cards in the UK.